State Street Corp grew its stake in shares of FMC Technologies, Inc. (NYSE:FTI) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,888,596 shares of the oil and gas company’s stock after buying an additional 417,151 shares during the quarter. State Street Corp owned about 4.47% of FMC Technologies worth $568,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its position in shares of FMC Technologies by 53.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock worth $831,931,000 after buying an additional 10,617,891 shares in the last quarter. Vanguard Group Inc. raised its position in shares of FMC Technologies by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,167,998 shares of the oil and gas company’s stock worth $738,969,000 after buying an additional 896,416 shares in the last quarter. BlackRock Inc. raised its position in shares of FMC Technologies by 7.8% during the 2nd quarter. BlackRock Inc. now owns 21,731,728 shares of the oil and gas company’s stock worth $591,104,000 after buying an additional 1,571,751 shares in the last quarter. AXA raised its position in shares of FMC Technologies by 16.3% during the 2nd quarter. AXA now owns 8,697,311 shares of the oil and gas company’s stock worth $236,567,000 after buying an additional 1,222,075 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of FMC Technologies by 18.9% in the 2nd quarter. APG Asset Management N.V. now owns 5,756,889 shares of the oil and gas company’s stock worth $156,587,000 after purchasing an additional 915,400 shares in the last quarter. Institutional investors own 65.35% of the company’s stock.

Shares of FMC Technologies, Inc. (FTI) traded down 1.962% during mid-day trading on Thursday, hitting $26.735. 164,226 shares of the stock were exchanged. The firm has a 50-day moving average price of $26.72 and a 200 day moving average price of $28.70. FMC Technologies, Inc. has a 12-month low of $25.17 and a 12-month high of $36.14. The company has a market capitalization of $12.49 billion, a PE ratio of 32.328 and a beta of 0.95.

FMC Technologies (NYSE:FTI) last released its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, equities research analysts expect that FMC Technologies, Inc. will post $1.06 earnings per share for the current year.

A number of research firms recently commented on FTI. HSBC Holdings plc began coverage on shares of FMC Technologies in a report on Monday, September 11th. They issued a “hold” rating and a $26.00 target price on the stock. Piper Jaffray Companies set a $32.00 target price on shares of FMC Technologies and gave the stock a “buy” rating in a report on Wednesday, July 26th. Cowen and Company set a $32.00 target price on shares of FMC Technologies and gave the stock a “buy” rating in a report on Friday, October 6th. ValuEngine upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $31.00 target price on shares of FMC Technologies in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $35.09.

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About FMC Technologies

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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